Supernet Technologie (Pakistan) Market Value
| STL Stock | 815.54 34.01 4.00% |
| Symbol | Supernet |
Supernet Technologie 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Supernet Technologie's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Supernet Technologie.
| 01/08/2025 |
| 02/07/2025 |
If you would invest 0.00 in Supernet Technologie on January 8, 2025 and sell it all today you would earn a total of 0.00 from holding Supernet Technologie or generate 0.0% return on investment in Supernet Technologie over 30 days.
Supernet Technologie Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Supernet Technologie's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Supernet Technologie upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 16.33 | |||
| Value At Risk | (6.57) | |||
| Potential Upside | 9.77 |
Supernet Technologie Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Supernet Technologie's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Supernet Technologie's standard deviation. In reality, there are many statistical measures that can use Supernet Technologie historical prices to predict the future Supernet Technologie's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (0.54) |
Supernet Technologie Backtested Returns
Supernet Technologie owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0763, which indicates the firm had a -0.0763 % return per unit of risk over the last 3 months. Supernet Technologie exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Supernet Technologie's Variance of 12.65, risk adjusted performance of (0.06), and Coefficient Of Variation of (1,311) to confirm the risk estimate we provide. The entity has a beta of 0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Supernet Technologie's returns are expected to increase less than the market. However, during the bear market, the loss of holding Supernet Technologie is expected to be smaller as well. At this point, Supernet Technologie has a negative expected return of -0.27%. Please make sure to validate Supernet Technologie's accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if Supernet Technologie performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Supernet Technologie has average predictability. Overlapping area represents the amount of predictability between Supernet Technologie time series from 8th of January 2025 to 23rd of January 2025 and 23rd of January 2025 to 7th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Supernet Technologie price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Supernet Technologie price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 583.34 |
Supernet Technologie lagged returns against current returns
Autocorrelation, which is Supernet Technologie stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Supernet Technologie's stock expected returns. We can calculate the autocorrelation of Supernet Technologie returns to help us make a trade decision. For example, suppose you find that Supernet Technologie has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Supernet Technologie regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Supernet Technologie stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Supernet Technologie stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Supernet Technologie stock over time.
Current vs Lagged Prices |
| Timeline |
Supernet Technologie Lagged Returns
When evaluating Supernet Technologie's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Supernet Technologie stock have on its future price. Supernet Technologie autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Supernet Technologie autocorrelation shows the relationship between Supernet Technologie stock current value and its past values and can show if there is a momentum factor associated with investing in Supernet Technologie.
Regressed Prices |
| Timeline |
Pair Trading with Supernet Technologie
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Supernet Technologie position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Supernet Technologie will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Supernet Technologie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Supernet Technologie when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Supernet Technologie - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Supernet Technologie to buy it.
The correlation of Supernet Technologie is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Supernet Technologie moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Supernet Technologie moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Supernet Technologie can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Supernet Stock Analysis
When running Supernet Technologie's price analysis, check to measure Supernet Technologie's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Supernet Technologie is operating at the current time. Most of Supernet Technologie's value examination focuses on studying past and present price action to predict the probability of Supernet Technologie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Supernet Technologie's price. Additionally, you may evaluate how the addition of Supernet Technologie to your portfolios can decrease your overall portfolio volatility.